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America’s Billionaire Midterms: Who Is Spending, and What It Buys

Federal Election Commission data show $11.6 billion will buy ads as ultrawealthy donors bankroll both parties and ballot fights across the country.

A handful of billionaires, led by Elon Musk, are shaping the most expensive midterm cycle in American history. Their money is also turning billionaire influence into a campaign issue. Executives should expect the response, from wealth taxes to new disclosure demands, to reach corporate balance sheets and shareholder registers. Three days before the November 3 […]

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Asia Times broke the news in Hong Kong, Hong Kong on Saturday, October 31, 2026.
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